Citigroup Maintains Neutral Rating for Arrow Electronics: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Arrow Electronics ARW and raise its price target from $115.00 to $140.00.

Shares of Arrow Electronics are trading up 1.33% over the last 24 hours, at $134.29 per share.

A move to $140.00 would account for a 4.25% increase from the current share price.

About Arrow Electronics

Arrow Electronics is a global distributor of electronics, connecting suppliers of semiconductors, components, and IT solutions to more than 180,000 small and midsize customers in 85 countries. Arrow is the second-largest semiconductor distributor in the world, and the largest for North American chip distribution, partnering with a third of global chipmakers.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.